Jefferies Maintains Buy on Genco Shipping & Trading, Raises Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Omar Nokta has maintained a Buy rating on Genco Shipping & Trading (NYSE:GNK) and increased the price target from $26 to $27.
May 09, 2024 | 12:48 pm
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Jefferies analyst Omar Nokta reaffirmed a Buy rating on Genco Shipping & Trading, raising the price target to $27 from $26.
The increase in price target by a reputable analyst like Omar Nokta suggests a positive outlook on the stock, likely leading to increased investor confidence and potential short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100